GST registration for Director Remuneration

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Guruprasad (Querist)
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23 February 2024 I am working in only one company as director and getting paid fee of more than 20 lakh per annum as director remuneration since I am not covered under salary. Do I need to get registered under GST ? Is it necessary to register since I am working full time only in one company.

Experts please help.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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23 February 2024 No GST registration is required.
In such a case GST under RCM payable by the company.

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Guruprasad

Guruprasad (Querist)
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23 February 2024 sir, thanks your reply. Once we pay GST from company side as RCM, I believe we will not able to claim that again as Input tax credit. should we have to treat that GST portion as an expense in company books?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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23 February 2024 ITC can be claimed on such RCM payment.

BALASUBRAMANYA B N

BALASUBRAMANYA B N (Expert)
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23 February 2024 RCM can claim as ITC.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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24 February 2024 Yes RCM payment can be claimed as ITC by the company.

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